Countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other type of help to the poor countries rather than financial aid. To what extent do you agree

The 21st century has seen various advancements,

such

as the IT revolution and globalization. The economies which adopted these phenomena have grown rapidly,

whereas

others were not able to catch up. Some section of our society asserts that

this

difference can be overcome by supporting backward nations economically,

whereas

I believe and agree that more than financial aid some other components will be required to attain equality among the geographies.

Firstly

, the most crucial tool

that is

required for an economy to progress is education and knowledge to utilize available resources, because even if you have oil reserves, and you do not know how to encash those,

hence

it is a waste.

For instance

, many countries in the middle east have oil reserves, but ,

still

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,still

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they are behind their western counterparts

,

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because they are unaware of how to channel those.

Moreover

, a nation cannot generate employment without adequate academics,

consequently

, the masses cannot earn bread for their family, and

therefore

they die of hunger.

Secondly

, for a state to grow, the health and medical system should be good and that can only come when advanced treatment methods are taught in backward nations.

For example

, even though country ABC has abundant wealth, most of the younger age group died

due to

the massive outbreak of plague in country ABC, and

as a result

, their financial condition did not improve.

Furthermore

, in absence of proper health and education system, citizens can be easily lured into the activities

such

as theft and robbery, which will

further

drag society backwards.

To conclude

, more than financial aid there are some more important parameters namely, education, knowledge, medical and skill transfer which can bolster the growth of a country.